List 3 Reasons to Create a Custom Report

question 14

Essay

List 3 reasons to create a custom report.

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Definitions:

General Agreement on Tariffs and Trade

Known as GATT, it's a legal agreement between many countries, aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs and quotas.

Federal Revenue

The income received by the federal government from various sources, such as taxes, fees, and investments.

Domestic Producers

Companies and individuals within a country that produce goods and services for the local market.

Quotas

Quantitative limits set by governments on the amount of specific goods or services that can be imported or exported during a specified time frame.